City of Oakland - File #: 13-0607

• File #: 13-0607
• Version: 1
• Name: Modify MAP Loans With Resale Restrictions
• Type: City Resolution
• Status: In Council
• File created: 5/21/2014
• In control: Meeting of the Oakland City Council
• On agenda: 6/10/2014
• Final action: 6/17/2014
• Title: Subject: Modify MAP Loans With Resale Restrictions From: Housing And Community Development Department Recommendation: Adopt A Resolution Authorizing Modifications To The Repayment Terms For First-Time Homebuyer Mortgage Assistance Program Loans Funded After April 2001 On Resale Restricted Properties To Allow Loan Assumption And Limit Recapture To A Share Of Appreciation, And Amending The Consolidated Plan For Housing And Community Development To Provide For These Modifications

Date	Ver.	Action By	Action	Result
6/17/2014	1	Concurrent Meeting of the Oakland Redevelopment Successor Agency / City Council / Geologic Hazard Abatement District Board	Adopted	Pass
6/10/2014	1	*Special Community & Economic Development Committee	Approved the Recommendation of Staff, and Forward	Pass
5/22/2014	1	*Rules & Legislation Committee	Scheduled

Title

Subject:      Modify MAP Loans With Resale Restrictions

From:             Housing And Community Development Department

Recommendation:  Adopt A Resolution Authorizing Modifications To The Repayment Terms For First-Time Homebuyer Mortgage Assistance Program Loans Funded After April 2001 On Resale Restricted Properties To Allow Loan Assumption And Limit Recapture To A Share Of Appreciation, And Amending The Consolidated Plan For Housing And Community Development To Provide For These Modifications